This edited collection assesses the level of financial integration in the European Union (EU)
and the differences across the countries and segments of the EU financial system. Progress …

One of key outcomes of open economy macroeconomics refers to a crucial importance of an
investment-saving relation affecting a current account determination. However, despite a …

Sažetak We present empirical evidence on the business cycle relationship between nominal
and real effective exchange rate, real GDP, consumption, investment, export, import and …

Exchange rate unexpected fluctuations determine economic development of countries the
way quite similar to any other type of exogenous shocks. Unpredicted volatility in exchange …

One of the most challenging areas relating to the European Monetary Union (EMU)
enlargement is the question of new member countries' vulnerability to exogenous shocks …

In this paper, we choose the correct model specification for eight European Union new
member states (NMS) to estimate the exchange market pressure (EMP) for the period 1995 …

Exchange rate regimes evolution in the European transition economies refers to one of the
most crucial policy decision in the beginning of the 1990s employed during the initial stages …

The stable macroeconomic environment, as one of the primary objectives of the Visegrad
countries in the 1990s, was partially supported by the exchange rate policy. Fixed exchange …

Negative macroeconomic performance issues represent one of the key effects of crisis
period. Due to many economic crisis related side effects countries became more vulnerable …

The central European countries the Czech Republic and the Slovak Republic are referred to
a group of the so-called Vysegrad countries (V4). Despite of the fact that the V4 countries are …